Medicare Advantage, the privatized alternative to the traditional federal insurance program for seniors, has been a boon to health insurers’ bottom lines in recent years. That trend shows no signs of slowing in 2020, if UnitedHealth Group’s projections are any indication. David Wichmann, CEO of UnitedHealth, the parent company of the nation’s largest health insurer UnitedHealthcare, said Wednesday that the latest Medicare Advantage open enrollment period was its “strongest ever.” The company expects to serve nearly 700,000 more individual Medicare Advantage members in 2020. Last year, it grew enrollment in the individual and group Advantage businesses by 325,000 to 5.3 million compared with 2018.
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Source: https://www.modernhealthcare.com/insurance/unitedhealthcare-expects-big-medicare-advantage-gains-2020